Kelt Exploration Ltd T.KEL

Kelt 7 Weeks away from 22 Mmcf at Wembley, 57-62% liquids

[MyHoneyPot]

Before the end of the year, or at the beginning of 2024 Kelt will be producing from their Wembley/Pipestone wells that are waiting for gas plant.

22 Mmcf of gas processing will process 3660 boe/day of gas and (57% - 62%) liquids. 

So we are weeks away from the addition of (4600 boe/day liquids - 6000 boe/day liquids)

So in the next 7 weeks Kelt could be producting between 8000-9500 boe more a day, production that is currently behind pipe waiting for gas plant. 

Considering they just produced 28,000 boe/day in Q3 this means they will be producing 36000-to 38500 in Q1. 

So i think they are sand bagging big time, and this is an opportunity to get the shares on the cheap.

IMHO

[Sugaree]

Kel down slightly on earnings, what do you make of it? I got back into NVA for first time in a while this morning on the news. Never owned kelt but have watched it. A good entry point? Both seem to be good in that they don't attract the huge volume shorters and cause major volitility.

[Seppelt]

This is from Keyera Q3 report released yesterday: Pipestone Expansion ahead of Schedule – The Pipestone expansion is now expected to be operational by the end of 2023, adding 40 million cubic feet per day ("MMcf/d") of capacity increasing overall capacity from 220 MMcf/d to 260 MMcf/d. The project, supported by long-term take-or-pay agreements, is on track to be

[MyHoneyPot]

Well I check with David Wilson and the Keyera plant capacity is what they are waiting for, so it sounds like Kelt will have 22 Mmcf of gas processing by the end of the year. This will ultimately give them a production bump of 8000-9500 boe/day 57-62% Liquids. In Q3 The TideWater gas plant, owned by Altagas is the plant that is under preforming, and they are loosing about 16% through tidewater